Commodity Market Update (Gold)

Precious metals are trading lower today, COMEX Gold is trading at 1772.70, lower by $1.20 or 0.09% per ounce and Silver is trading at $34.50, down 7 cents. We are expecting prices to move higher as Gold is trading near its immediate resistance level of $1777. US Crude Oil futures are trading lower by 39 cents at $91.80 and we are expecting a range bound trading in coming hours. Natural Gas is trading at $3.389, up by 7 cents or 2.14% and is likely to move higher to $3.50. LME three-month Copper futures are trading almost flat at $8209.50 with a negative bias.